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Glossary of Legislative Terms

SB 478: Trusts

GENERAL BILL by Hukill ; (CO-INTRODUCERS) Young

Trusts; Deleting a requirement that a trust and its terms be for the benefit of the trust’s beneficiaries; revising provisions relating to notice or sending of trust documents to include posting on a secure electronic account or website; authorizing an authorized trustee to appoint all or part of the principal of a trust to a second trust under certain circumstances; clarifying that certain knowledge by a beneficiary does not cause a claim to accrue for breach of trust or commence the running of a period of limitations or laches, etc.

Effective Date: Except as otherwise provided in this act and except for this section, which shall take effect upon becoming a law, this act shall take effect July 1, 2018
 Last Action: 2/21/2018 Senate - Laid on Table, companion bill(s) passed, see HB 413 (Ch. 2018-35) -SJ 372
Bill Text: Web Page | PDF
Senate Committee References:
  1. Judiciary (JU)
  2. Banking and Insurance (BI)
  3. Rules (RC)


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Bill History

Date Chamber Action
10/10/2017 Senate • Filed
10/25/2017 Senate • Referred to Judiciary; Banking and Insurance; Rules -SJ 39
1/5/2018 Senate • On Committee agenda-- Judiciary, 01/10/18, 2:00 pm, 110 Senate Office Building
1/9/2018 Senate • Introduced -SJ 39
1/10/2018 Senate • Favorable by Judiciary; YEAS 10 NAYS 0 -SJ 141
• Now in Banking and Insurance -SJ 141
1/25/2018 Senate • On Committee agenda-- Banking and Insurance, 01/30/18, 10:00 am, 110 Senate Office Building
1/30/2018 Senate • Favorable by Banking and Insurance; YEAS 10 NAYS 0 -SJ 226
• Now in Rules -SJ 226
2/2/2018 Senate • On Committee agenda-- Rules, 02/07/18, 4:00 pm, 110 Senate Office Building
2/7/2018 Senate • Favorable by- Rules; YEAS 11 NAYS 0 -SJ 336
• Placed on Calendar, on 2nd reading -SJ 336
2/19/2018 Senate • Placed on Special Order Calendar, 02/21/18 -SJ 374
2/21/2018 Senate • Read 2nd time -SJ 371
• Substituted HB 413 -SJ 372
• Laid on Table, companion bill(s) passed, see HB 413 (Ch. 2018-35) -SJ 372